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How Much You Can Afford When Applying For A Mortgage

In Canada, the minimum down payment requirements can impact how much you can afford when applying for a mortgage. These rules dictate that the minimum down payment must be:

  • 5% of the purchase price for homes up to $500,000
  • 10% of the purchase price for any amount between $500,000 and $1 million
  • 20% of the purchase price for homes over $1 million.

For example, if you have saved $15,000 for a down payment, the maximum home price you can afford would be $300,000 ($15,000 divided by 5%). However, if your down payment was $30,000, your maximum affordability would increase to $550,000. You can use our mortgage affordability calculator to run the numbers yourself and determine what price range would be suitable for your budget. However, some lenders may require a higher down payment depending on your credit score, employment history, and other factors. It's important to speak with a mortgage lender (I can help with this)to get a more accurate estimate of your down payment requirements.(Loanscanada.ca)

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When contacting me, please ensure to include the property address or MLS® number for the listing you are interested in. I look forward to hearing from you!

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260 Canterville Drive SW
Canyon Meadows Calgary T2W 3X2

$985,000
Residential beds: 4 baths: 4.0 2,561 sq. ft. built: 1984

Main Photo: 260 Canterville Drive SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2171341
Photo 1: 260 Canterville Drive SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2171341
Photo 2: 260 Canterville Drive SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2171341
Photo 3: 260 Canterville Drive SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2171341
Photo 4: 260 Canterville Drive SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2171341
Photo 5: 260 Canterville Drive SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2171341
Photo 6: 260 Canterville Drive SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2171341
Photo 7: 260 Canterville Drive SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2171341
Photo 8: 260 Canterville Drive SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2171341
Photo 9: 260 Canterville Drive SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2171341
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Photo 33: 260 Canterville Drive SW in Calgary: Canyon Meadows Detached for sale : MLS®# A2171341
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2171341
Bedrooms:
4
Bathrooms:
4
Year Built:
1984
Discover the perfect blend of comfort and convenience in this charming two-story split family home, nestled in vibrant Canyon Meadows Estates neighborhood. With five generously sized bedrooms (four on the upper level and one in the basement), this residence is tailor-made for those who cherish both privacy and family time. The main floor delights with its open plan, neutral décor, and plank hardwood flooring—ideal for both stylish entertainment and tranquil living. Cooking enthusiasts will revel in the spacious kitchen featuring ample oak cabinets, a practical island, and a cozy breakfast nook. The formal dining room awaits your festive gatherings, while the family room, complete with built-in cabinets and a warming gas fireplace, invites you to relax and unwind. Step outside to enjoy the south-facing backyard—a sunny retreat, fully fenced and beautifully landscaped. If tinkering is more your style, the hobby room in the fully finished basement will be your haven. An oversized triple garage ensures ample space for vehicles and storage. Strategically located, your new home is just a stroll away from a wealth of amenities. Walking distance to all levels of schools, public transit, LRT, shopping, Canyon Meadows Golf & Country Club are conveniently close. Not to mention, the proximity to Fish Creek Park offers endless outdoor adventures. This residence isn’t just a house, it’s a launchpad for lifelong memories. All that’s missing is your family’s personal touch. Could this be "Home Sweet Home"? Come find out!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey Split
Total Living Area:
2,561.32 sq. ft.
Main Level Finished Area:
1,495.44 sq. ft.
Upper Level Finished Area:
1,065.88 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,203.25 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
10,602 sq. ft.
Lot Frontage:
68'¼"
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Front Exposure:
North
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
9
Year built:
1984 (Age: 40)
Bedrooms:
4 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
0
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
7911205
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Wood
New Constr.:
No
Construction Material:
Concrete, Wood Frame, Wood Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas Starter, Glass Doors, Tile, Wood Burning
Garage:
1
Garage Spaces:
3
Parking:
Insulated, Triple Garage Attached
Parking Places:
6.0
Parking Total/Covered:
6 / -
Laundry Features:
Main Level
Canyon Meadows
Dishwasher, Dryer, Garburator, Microwave, Refrigerator, Stove(s), Washer, Window Coverings
n?a
Easement Registered On Title, Restrictive Covenant, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Entrance
9'2" × 7'9"
Main Floor
Kitchen
12'4" × 10'5"
Main Floor
Breakfast Nook
9'10" × 8'3"
Main Floor
Dining Room
12'11" × 8'1"
Main Floor
Living Room
15'11" × 12'7"
Main Floor
Family Room
16'5" × 13'1"
Main Floor
Office
11'10" × 9'11"
Main Floor
Laundry
8'6" × 6'7"
Upper Level
Bedroom - Primary
14'3" × 13'1"
Upper Level
Bedroom
13'11" × 10'1"
Upper Level
Bedroom
12'2" × 9'5"
Upper Level
Bedroom
10'4" × 8'6"
Basement
Exercise Room
12'2" × 8'
Basement
Game Room
28'2" × 12'
Basement
Flex Space
15'5" × 11'9"
Basement
Den
18' × 11'5"
Basement
Furnace/Utility Room
16'3" × 12'9"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
6'7" x 4'11"
Upper Level
No
4
7'9" x 4'11"
Upper Level
Yes
4
13'1" x 6'
Basement
No
4
12'3" x 9'1"
Title to Land:
Fee Simple
Community Features:
Clubhouse, Golf, Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Tennis Court(s), Walking/Bike Paths
Interior Features:
Closet Organizers, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan
Exterior Features:
Lighting
Patio And Porch Features:
Deck
Lot Features:
Lawn, Landscaped, Level, Street Lighting, Treed
Num. of Parcels:
0
Fencing:
Fenced
Region:
Calgary
Zone:
CAL Zone S
Zoning:
R-C1
Listed Date:
Oct 07, 2024
Days on Mkt:
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Listed by RE/MAX Landan Real Estate
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
25
Avg list price:
$775,000
Min list price:
$199,900
Max list price:
$3,988,888
Avg days on market:
27
Min days on market:
2
Max days on market:
68
Avg price per sq.ft.:
$418.89
These statistics are generated based on the current listing's property type and located in Canyon Meadows. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706